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Full time unemployment in decline

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(Read caption) This chart shows the full-time unemployment rate since 1988. After peaking in 2009, rates have remained at historic highs over the past two years.

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Today’s employment situation report showed that in October the full time unemployment rate declined to 9.6% of the civilian workforce remaining near the highest rate seen in 41 years.

The Bureau of Labor Statistics considers full time workers to be those “who have expressed a desire to work full time (35 hours or more per week) or are on layoff from full-time jobs”.

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Full time jobless workers currently account for roughly 88.5% of all unemployed workers.